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Real Estate & Development

  1. A for sale sign is seen in front of a Palm Springs home in a March 2012 file photo. Crystal Chatham, The Desert Sun

    Home prices jump 15.8%

    The Coachella Valley's median home price rose by double-digits for the 10th straight month in April, with real estate professionals pointing to low inventory, low mortgage interest rates, an improving economy and relatively robust demand as factors fueling the recovery and 'rebalancing' the local housing market.

    • May 22, 2013
  2. Michael Braun, senior vice president att Wessman Development points to the Saks build at the old Desert Fashion Plaza which will be torn down in the next few weeks. Photo taken on Thursday, May 9, 2013 in Palm Springs. About 80 percent of the mall has been torn down. Richard Lui, The Desert Sun

    PS leaders look to draw retailers from Vegas

    Coachella Valley officials heading to Sin City on Sunday hope what happens in Vegas doesn't stay in Vegas.

    • May 17, 2013
  3.  John Robinson, a Marine Corps veteran, lives at th

    Veterans program hands out few loans

    A state program designed to help California veterans buy homes granted just 83 loans last year, despite more than $1.1 billion in available funding.

    • May 16, 2013
  4. An electrical panel powering a 4-unit residential building at an east valley mobile home park is seen in a 2011 file photo. Crystal Chatham, The Desert Sun

    Mobile home parks get 5 years to meet code

    Illegal mobile home parks dotting the eastern end of the Coachella Valley — many with jerry-rigged electric wiring or unsafe water systems — now have five years and a path to legally meeting county building and safety code requirements.

    • May 14, 2013
  5. Frank Sinatra's Palm Springs area home. (Courtesy of Realtor.com)

    See photos, video of Sinatra home on the market

    Frank Sinatra’s Mountain Center get away — known as Villa Maggio — could be yours for a cool $4 million.

    • May 3, 2013
  6. A worker inside the massive structure of the Ritz-Carlton Rancho Mirage. Richard Lui/The Desert Sun

    Crews readying the Ritz-Carlton in Rancho Mirage

    A new lead developer, Arcadia-based Kam Sang Co., came on board last Oct. 31, with a deadline of exactly one year to open and retain up to $20 million in incentive loans from the city.

    • Apr. 26, 2013
  7. A sign points out a bank-owned open house in Rancho Mirage last fall. Data show foreclosure activity continues to fall. Michael Snyder, The Desert Sun

    Foreclosure activity falls across region

    Foreclosures fell dramatically during the first three months of 2013 across the Coachella Valley, Inland Empire and California, with mortgage consultants and analysts attributing the decline to a new state law protecting homeowners' rights, the strengthening economy and jobs picture, and rising home values.

    • Apr. 26, 2013
  8. Home prices rise 17.9% in March

    Realtor John Gonnello can attest to the fact that rising demand for low and moderately priced single-family homes and condos, coupled with falling supply, continue to push prices higher in the Coachella Valley.

    • Apr. 25, 2013
  9. National home price gains slowed in the first quarter after a big push late last year, according to data from real estate website Zillow. AP

    US home prices rise more slowly

    National home price gains slowed in the first quarter after a big push late last year but remained at a boil in some markets, according to real estate website Zillow.

    • Apr. 25, 2013

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